Highly desirable Fall River location! This well-maintained four-family property offers an excellent investment opportunity with all four units currently occupied under Tenant-at-Will leases. Each unit has been tastefully updated with modern cabinetry, kitchen countertops, and hardwood flooring. Additional improvements include a newer roof, vinyl siding, and replacement windows. A great opportunity for investors seeking a well-maintained, income-producing multifamily property in an attractive location.
Multi-familyProperty Type
1921Year Built
3,846 sq ftLot Size
$341Price/Sq.Ft.
1 spaceParking
Listed by Eliot VanDam• Coldwell Banker Realty - Sharon
Bank Street, located between Downtown Fall River and the waterfront along the Taunton River, is a historic and civic Fall River neighborhood with granite-and-brick streetscapes and a courthouse-era skyline. The neighborhood’s character concentrates around the Government Center area near S Main St and Bedford St, where municipal buildings, lunch counters, and small storefronts set a weekday rhythm. Architectural cues lean late-19th-century commercial blocks, with stone civic facades breaking up rows of utilitarian storefronts. The Narrows Center for the Arts adds a nightly pulse in a former mill building turned performance venue. Battleship Cove and the Fall River Heritage State Park boardwalk pull the scene toward the river’s industrial past and open-air views. Cafes and galleries cluster in pockets, giving the streets a walkable, appointment-based feel.
Provided by Walk Score and Local Logic
Offer insights
104 Grove St · $599,900
$600K and above
75% chance or better to win
Why $600K+ is a strong offer
DAYS ON MARKET
51 days
The average home goes pending in 45 days.
SALE-TO-LIST
99.1%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Ceiling fans
Studio space
Bathroom with tub and shower
Living room
Kitchen
Dining room
Mudroom
12 total rooms
Bathrooms
4 full bathrooms
Kitchen
Range
Refrigerator
Dishwasher
Flooring
Hardwood floors
Heating & cooling
Baseboard heating
Natural gas heating
Hot water heating
1 heating unit
Exterior features
Porch
Corner lot
Home design
4-family property
4 stories
Tan exterior
Renovated since original construction
Parking
Paved off-street parking
1 open parking space
Construction
Stone foundation
Built originally (public records) and renovated
Utilities
Public water
Public sewer
HOA & community
Access to public transportation, shopping, parks, walk/jog trails, medical facility, laundromat, highway access, house of worship, marina, public school, and T-Station
Electricity and solar
View estimated energy costs and solar savings for this home
Major price reduction. Motivated seller. Will pass FHA. Located in a desirable Fall River neighborhood, this well-maintained four-family investment property offers an excellent opportunity. .One vacant unit, ready for owner occupied. Two units are tenant-at-will with long-term renters in place, ensuring steady income.. Corner lot includes one off-street parking space and features a mix of two standard studios, one oversized studio, and one oversized one/two bedroom unit—each tastefully renovated with updated cabinets, countertops, and flooring. Major updates include a newer roof, vinyl siding, and replacement windows, offering low-maintenance peace of mind. A smart addition to any portfolio!
MLS PIN #73002102
Nov 30, 2022
Sold
$285,000
$162/sq ft
Jul 1, 2022
Contingent
—
Jun 22, 2022
Listed
$299,000
$170/sq ft
+8
*** OFFERS DUE BY 5:00 PM, WEDNESDAY, JUNE 29, 2022 *** This property is full of potential, this could be great for an owner occupant or a buyer that wants to start investing in multi-family homes. This building contains three studio-style apartments featuring an eat-in kitchen, bedroom, and bathroom. The second floor has a nice three-room unit featuring, 1 bedroom, 1 bathroom, this unit could be great to live in. Located on the corner of Grove St and Cherry St there is just enough lawn to maintain and enjoy along with off-street parking for 1 car. Located only two blocks from Ruggles Park, the location has great access to schools, shopping, local/area highways, and a short distance to the future train station.
Year
Property tax
Land + Additions
Assessment*
2023
$3,799 (+11.2%)
$100,800 + $208,800
$309,600
2022
$3,416 (+6.9%)
$95,100 + $175,600
$270,700
2021
$3,195 (+9.7%)
$90,800 + $140,200
$231,000
2020
$2,913 (+9.4%)
$86,700 + $114,900
$201,600
2019
$2,662 (+6.5%)
$90,600 + $92,000
$182,600
2018
$2,499 (+4.4%)
$91,300 + $79,600
$170,900
2017
$2,393 (+2.2%)
$91,300 + $79,600
$170,900
2016
$2,342 (+4.2%)
$94,100 + $77,700
$171,800
2015
$2,247 (−0.2%)
$94,100 + $77,700
$171,800
2014
$2,252 (+3.0%)
$94,100 + $84,900
$179,000
2013
$2,186 (+6.8%)
$97,000 + $86,200
$183,200
2012
$2,047 (+7.3%)
$97,900 + $88,500
$186,400
2011
$1,907 (−5.6%)
$97,900 + $88,500
$186,400
2010
$2,020 (+6.4%)
$120,800 + $102,700
$223,500
2009
$1,898
$116,300 + $119,200
$235,500
Public record
Beds
3
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
3,920 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,758
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,758
Year built
1921
Style
Multi-Family (2-4 Unit)
County
Bristol County
APN
2833210
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Fall River, MA • 02720
Average low and high temperatures (°F)
35
22
36
22
49
33
58
41
67
51
78
61
82
66
78
60
74
57
64
48
53
38
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 104 Grove St
$596,497
$3,403 under list price of $600K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $405K to $715K.